-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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NAE awards season! An organization created to bestow awards in exchange for envelopes. I’ve been on the edge my chair for a year!. NEA? Need Another Expert. NEA can fill all your needs. Call now, avoid future regret and disappointment!
So Chicago has dubious honor of being designated “#1 haven-destination” for undocumented immigrants, all at taxpayers’ ever increasing personal burden. Hmm.
Ranks first in a dystopian futuristic nightmare where cultures clash, few speak a common language and everyone votes Democrat!